Really, Reuters?
July 14th, 2010Headline: Tired Gay succumbs to Dix in 200 meters
How NOT To Stimulate The Economy
July 14th, 2010WSJ Editorial: The Uncertainty Principle
As the nearby table shows, the lawyers estimate that the law will require no fewer than 243 new formal rule-makings by 11 different federal agencies.
...
As the Davis Polk wonks put it, "U.S. financial regulators will enter an intense period of rule-making over the next 6 to 18 months, and market participants will need to make strategic decisions in an environment of regulatory uncertainty." The lawyers needed 26 pages of flow charts merely to illustrate the timeline for implementing the new rules, the last of which will be phased in after a mere 12 years.
Because Congress abdicated its responsibility to set clear rules of the road, the lobbying will only grow more intense after the President signs Dodd-Frank. According to the attorneys, "The legislation is complicated and contains substantial ambiguities, many of which will not be resolved until regulations are adopted, and even then, many questions are likely to persist that will require consultation with the staffs of the various agencies involved."
In other words, the biggest financial players aren't being punished or reined in. The only certain result is that they are being summoned to a closer relationship with Washington in which the best lobbyists win, and smaller, younger firms almost always lose.
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But for Democrats the current and only priority is to pass something they can claim whacks the banks and which they can hail as another "achievement" to sell before the elections.
Do Tell
July 14th, 2010Playing The Race Card
July 14th, 2010Tunku Varadarajan: The Tea Party Isn't Racist
The NAACP, this vestigial bone on the American body politic, has thrust itself into the headlines by voting, at its annual meeting Tuesday, to censure as “racist” the Tea Party movement. This controversial public rebuke—delivered a day after the first lady, Michelle Obama, addressed the NAACP’s conference—has opened up a raw, new racial front in the run-up to the November elections. In effect, the self-congratulatory, post-racial Obama camp is reaching for the crudest weapon in the Democratic arsenal: the racial blunderbuss.
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If black Americans are suffering due to our current economic woes, Obama’s own policies are hardly helping them. The NAACP can’t bitch about “the Man” anymore because the Man is Obama. And so instead it turns its racially monolithic vituperation on the Tea Party, which has never been in power, and has had no impact on the economic condition of black Americans—except to advocate policies (smaller government, lower taxes, radically reduced deficits, etc.) that would likely improve the standard of living of all Americans (blacks included).
Shocking...
July 14th, 2010WSJ: Early Tests Pin Toyota Accidents on Drivers
The data recorders analyzed by NHTSA were selected by the agency, not Toyota, based on complaints the drivers had filed with the government. Toyota hasn't been involved in interpreting the data.
The initial findings are consistent with a 1989 government-sponsored study that blamed similar driver mistakes for a rash of sudden-acceleration reports involving Audi 5000 sedans.
The Toyota findings appear to support Toyota's position that sudden-acceleration reports involving its vehicles weren't caused by electronic glitches in computer-controlled throttle systems, as some safety advocates and plaintiffs' attorneys have alleged. More than 100 people have sued the car maker over crashes they claim were the result of faulty electronics.
...
However, NHTSA has been able to verify that only one of those fatal crashes was caused by a problem with the vehicle, according to information the agency provided to the National Academy of Sciences. That accident last Aug. 28, which killed a California highway patrolman and three passengers in a Lexus, was traced to a floor mat that trapped the gas pedal in the depressed position.
Toyota has since recalled more than eight million cars globally to fix floor mats and sticky accelerators.
The Cutter
July 13th, 2010NY Times Video: How Mariano Rivera Dominates Hitters
Addiction
July 13th, 2010NY Times: Desperate Addicts Inject Others’ Blood
Desperate heroin users in a few African cities have begun engaging in a practice that is so dangerous it is almost unthinkable: they deliberately inject themselves with another addict’s blood, researchers say, in an effort to share the high or stave off the pangs of withdrawal.
The practice, called flashblood or sometimes flushblood, is not common, but has been reported in Dar es Salaam, Tanzania, on the island of Zanzibar and in Mombasa, Kenya.
Pay Gap!
July 13th, 2010NY Times: In Part-Time Jobs, Women Out-Earn Men
Friends Don't Let Zombies Drive
July 10th, 2010"Zombies" crash on I-84 near Lloyd exit
Sgt. Greg Stewart said people who witnessed the crash initially thought the victims' injuries were much more serious, because of the zombie costumes.
"We're glad that everyone is alive, despite being 'undead'," Sgt. Stewart said, referring to the costumes.
Own Goal
July 7th, 2010Racism Is Racism
July 7th, 2010
Stopping a black guy from intimidating voters is racist, you racist
On a related note, a pet peeve: Could we please stop calling it “reverse racism”? Racism is racism. The only reverse racism is not being racist.
